TLR Group Acquires Office Building In Tampa For $20.06M
601 North Ashley Drive, Tampa, FL, USA
$20,060,000
$327/SF
Building Size
61,260 SF
Asset Type
Office
Closing
Apr 21, 2021
AI
601 North Ashley Drive in Tampa has been sold for a total of $20,060,000. This office property spans across 61,260 square feet and was sold at a price of $327 per square foot. The transaction took place on April 22, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,060,000
- Square Footage: 61,260
- Price per Square Foot: $327
The buyer of 601 North Ashley Drive is TLR Group represented by Rudy Nassri. On the other hand, Ashley-601 Inc. was the seller of this office property.
Tampa Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93